Industry Background:
Network security software refers to the software that enables the security of the network. It defines protection against misuse or the hacking of system files or directories. The most common threats to the network include worms, viruses, trojan horses, adware, spyware, zero-day attack, DDoS, hacker attacks and identity theft. The growing adoption of M2M communication in enterprises is one of the major factor propelling the network security market growth.This growth is primarily driven by Increasing Number of Cloud-Related Cyber-Attacks and Growing Network Security and Privacy Concerns.
Major Players, such as IBM (United States), Cisco Systems (United States), Avast Software (United States), SolarWinds (United States), Symantec (United States), Bitdefender (United States), Webroot (United States), AT&T (United States), Trend Micro (Japan), GFI Software (Malta), FireMon(United States) and FireEye (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2019, Intel and Google Cloud announced a strategic partnership to develop Anthos reference design to simplify deployment across on-premises data centers and clouds. Additionally, In January 2019, IBM partnered with Juniper Networks to manage Juniper Network’s existing infrastructures, which include data centers, help desks, and data and voice networks. According to this partnership, IBM would combine its services platform with Watson to manage Juniper Network’s infrastructure.
Cisco Systems, Inc., an American multinational technology conglomerate that develops, manufactures and sells networking hardware, telecommunications equipment, and other high-technology services and products. In June 2019, the company launched Artificial Intelligence (AI) Network Analytics that will enable Information Technology (IT) team to function at machine speed and scale through personalized network insights. Cisco has also unveiled innovations to effectively manage users and applications across the entire enterprise network from campus networks and Wide Area Networks (WANs) to data centers and the Internet of Things (IoT) edge.
Market Drivers
- Increasing Number of Cloud-Related Cyber-Attacks
- Growing Network Security and Privacy Concerns
Market Trend
Restraints
- High Cost Associated With Network Security Software
Opportunities
The rise in Adoption of Cloud-Based Security Technologies and Integration of Advanced Deep Learning and Machine Learning Capabilities Adding Value
Challenges
Lack of Cyber Security Professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Network Security Software Study Sheds Light on
The Network Security Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Network Security Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Network Security Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.